808 Milrany Ln Melissa, TX 75454
This exceptional 6.196-acre property in Melissa, TX, offers significant development potential. Located at the intersection of FM 2933 and CR 412, it boasts approximately 450 linear feet of frontage on FM 2933 and CR 1116, placing it approximately two miles south of SH 121. The property includes two buildings, a home suitable for office use, and a substantial 2+ acre gated and fenced gravel parking lot complete with lighting and an electronic gate. The existing infrastructure includes 85 parking spaces. The property's 269,897 square feet of land includes 87,000 square feet of net rentable space. Water access is available via the North Collin Water SUD-CCN (10-inch and 4-inch water lines along the property), while sewer access is within the McKinney Sewer CCN (though no sewer lines are currently on the property). The property is served by Melissa ISD and utilizes a septic system. Importantly, the property is outside city limits and zoning restrictions, with no flood plain, pipelines, or large transmission lines present. This owner-user investment opportunity is priced at $1,950,000 ($7.22/sq ft). The property is currently vacant with an occupancy date of October 9, 2024.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.